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- S.752
S.752: HITS Act
About This Bill
- Introduced March 16, 2021
- Latest Major Action March 16, 2021
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsor
Bill Version
- Introduced in Senate - March 16, 2021
Bill Summary
Help Independent Tracks Succeed Act or the HITS Act This bill permits taxpayers to treat as currently deductible expenses the cost of qualified sound recording productions not exceeding $150,000 in a taxable year. The bill defines qualified sound recording production as certain sound recordings produced and recorded in the United States.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| March 16, 2021 |
Read twice and referred to the Committee on Finance.
|
| March 16, 2021 |
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S1571-1572)
|
| March 16, 2021 |
Introduced in the Senate by Dianne Feinstein (D-Calif.) |